Zhong Guo Ji Jin Bao·2025-11-03 11:39Core Viewpoint - The number of A-share companies planning to implement interim dividends has reached a record high, with China Shenhua proposing a cash dividend of 19.471 billion yuan [1][2]. Group 1: Interim Dividend Announcements - As of November 3, 845 A-share companies announced plans for interim dividends in 2025, marking a year-on-year increase of 20.03%, with 325 companies issuing interim dividend proposals for the first time [1][14]. - China Shenhua plans to distribute a cash dividend of 0.98 yuan per share, totaling 19.471 billion yuan [1]. - Yili Co. announced its first interim dividend plan, proposing a cash dividend of 0.48 yuan per share, amounting to 3.036 billion yuan [4]. - Industrial Fulian plans to distribute a cash dividend of 3.3 yuan per 10 shares, totaling 6.551 billion yuan [8]. Group 2: Financial Performance and Profitability - Many A-share companies are able to declare interim dividends due to their robust financial health and strong profitability [2][7]. - As of November 3, 31 A-share companies with a net profit exceeding 3 billion yuan in the first three quarters of 2025 are planning interim dividends [3][14]. - Hikvision plans to distribute a cash dividend of 4 yuan per 10 shares, totaling 3.666 billion yuan, with a net profit of 9.319 billion yuan in the first three quarters, reflecting a year-on-year increase of 14.94% [14]. Group 3: Market Trends and Regulatory Environment - The trend of increasing interim dividends is supported by policies aimed at enhancing investor returns, with the number of companies announcing interim dividends rising significantly from 194 in 2023 to 845 in 2025 [14][16]. - The unique value of interim dividends is gaining attention, as they shorten the investment return cycle and allow investors to share in corporate growth more quickly [16].